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Fed raises interest rates for first time in more than three years

NPR | By Scott Horsley

Published September 16, 2026 at 3:47 PM CDT

The Federal Reserve raised interest rates today Wednesday the first time in more than three years. The central bank is trying to curb stubborn inflation, which was rekindled by the war with Iran.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent.

See stories by Scott Horsley

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